Massachusetts bankruptcies increase 25 percent.
According to the Warren Group, a Massachusetts-based firm that publishes real estate and financial information pertaining to New England, bankruptcy filings in the Bay State rose 25 percent in the first six months of the year when compared to the same period in 2009. There were a total of 11,847 petitions for protection from creditors under Chapters 7, 11 and 13 through June of this year, a sharp rise from the 9,461 that filed in the same timeframe last year.
“Even though the economy is recovering, consumers are still hurting and struggling to pay off the debt they’ve accrued over the years,” said Warren Group CEO Timothy Warren. Read the full post